As we are getting into the last quarter of the year, San Francisco and the Bay Area have gone through a lot of changes. They could be good or bad depending on how you look at it. As I have mentioned on another post, what will the city be like in the next 5 years? ... [Read More]
In many areas in the nation, there are areas that are cheaper to buy a home then to rent. You now can find a home for $100,000 in New York and through out the country including Hawaii.
It may seem like some areas have not been affected by the economy but that is not true. The properties that ... [Read More]
In many areas in the nation, there are areas that are cheaper to buy a home then to rent. You now can find a home for $100,000 in New York and through out the country including Hawaii.
It may seem like some areas have not been affected by the economy but that is not true. The properties that sell really quickly are usually the cream of the neighborhood.
The Bay Area has been hit as well but not as bad as other areas. It will be a while before we get out of this mess.
Related articles
Buying Is Cheaper Than Renting (troyrecord.com)
Here is an article that may be a spark to prospective home buyers…
Cheaper to buy than rent in 78% of major cities
Trulia: Dropping prices and rising rents boost affordability
By Inman News, Thursday, April 28, 2011.Inman News™
It is cheaper to buy a home than to rent one in 39 of the nation’s 50 largest cities, according ... [Read More]
Here is an article that may be a spark to prospective home buyers…
Cheaper to buy than rent in 78% of major cities
Trulia: Dropping prices and rising rents boost affordability
By Inman News, Thursday, April 28, 2011.Inman News™
It is cheaper to buy a home than to rent one in 39 of the nation’s 50 largest cities, according to a quarterly report released today by real estate search and marketing site Trulia.
Trulia’s rent vs. buy index compared the median list price with the median rent on two-bedroom apartments, condominiums and townhomes listed on Trulia.com as of April 1, 2011, in the 50 most populous cities in the U.S. While 72 percent of the cities favored buying in the previous quarter’s report, 78 percent favored buying in this latest report.
“With home prices nearing a double dip and more foreclosures expected to flood the housing market over the next two years, the decision between renting and buying a home across most of the country has clearly moved in favor of buying,” said Ken Shuman, Trulia’s spokesperson, in a statement.
“As we head into the summer buying season, those looking to buy a home should be encouraged by improvements in the market and feel optimistic about their chances of finding an affordable home — much more so than in previous years.”
So you have it, another sign that the market is favorable or looking more favorable to the buying market. Good luck and Go Do It !!!
